Gold and silver futures on Tuesday posted losses for a second straight session, with strength in the dollar and modest gains in the U.S. stock market pushing down prices for the precious metals after last week's gains. An upbeat economic reading added to the downbeat tone for haven metals. U.S consumer confidence rising near 18-year highs "isn't helping gold prices, but the real driver is inflati...Read More
Gold and silver futures on Tuesday posted losses for a second straight session, with strength in the dollar and modest gains in the U.S. stock market pushing down prices for the precious metals after last week's gains. An upbeat economic reading added to the downbeat tone for haven metals. U.S consumer confidence rising near 18-year highs "isn't helping gold prices, but the real driver is inflati...Read More
The best part? It's risk-free. In an explosive report a former Lehman Brothers executive reveals one of Wall Street's most closely guarded investing secrets.The secret?A proven system for turning small sums of cash into vast windfalls of profits-without risking a penny in the stock market.Essentially, this system uses the latest advances in computer science and financial technology to give inve...Read More
The short seller claims to have proof of "manipulated financials"African e-commerce issue Jumia Technologies (NYSE:JMIA) is seeing unusual options volume today, after short seller Citron Research once again weighed in on the firm. Just a few weeks after calling JMIA stock "worthless" and accusing the company of fraud, Citron today said it now has "indisputable evidence" of "manipulated financials...Read More
Abercrombie has added over 22% year-to-dateRetail giant Abercrombie & Fitch Co. (NYSE:ANF) has pulled back from its May 3 three-year-peak of $30.63. However, while just last Thursday the equity fell to its 100-day moving average, this mark is home to the stock's March post-bull-gap levels. The shares also still carry a 22.4% year-to-date lead, and this afternoon were last seen up 2.3%, at $25.18...Read More
Learn how to protect savings and maximize returns by investing in precious metals.Gold Trust would like to announce the newest edition of its guide to precious metals, perfect for anyone hoping to safeguard their investments and retirement!And today, they are giving away a free copy of their Investor's Guide to Precious Metals 2019!Their goal is to help regular investors learn the "pro" secrets...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
The analyst slashed their target price to $37Data-storage concern Nutanix Inc (NASDAQ:NTNX) is suffering at the hands of Morgan Stanley today, down 5.1% at $33.36, after the analyst downgraded the shares to "equal weight" from "overweight" and cut its price target to $37 from $53. Morgan Stanley attributed the downgrade -- which comes just days before the tech firm's May 30 earnings release -- to...Read More
The payments sector is in focus today amid major M&A activityThe Dow Jones Industrial Average (DJI) has pared its earlier gains, with stocks unable to maintain their positive momentum following downbeat trade comments from U.S. President Donald Trump in Japan. Visa (V) is the top Dow performer at midday, as payments stock rally in response to a big merger -- but the S&P 500 Index (SPX) is hovering...Read More
Osisko Mining Inc. (OSK:TSX) has announced the discovery of a new gold-bearing zone at its Windfall Lake project located in the Abitibi greenstone belt of James Bay, Qu?(C)bec. The new zone is about 350 metres north of the main zone.Four of the nine holes drilled at the new discovery contained visible gold. Notable drill results include 393 g/t gold over 2.2 metres, 31 g/t gold over 6.1 metres and...Read More
Osisko Mining Inc. (OSK:TSX) has announced the discovery of a new gold-bearing zone at its Windfall Lake project located in the Abitibi greenstone belt of James Bay, Qu?(C)bec. The new zone is about 350 metres north of the main zone.Four of the nine holes drilled at the new discovery contained visible gold. Notable drill results include 393 g/t gold over 2.2 metres, 31 g/t gold over 6.1 metres and...Read More
Morocco's leading mining firm Managem said on Tuesday it had retrieved the gold cargo that was seized by Sudanese authorities earlier this month.Sudanese Rapid Support Forces seized 241 kg of gold from a plane that landed in Khartoum on May 8 in an investigation into possible smuggling.The cargo is part of a regular deliveries and the company has completed all the administrative formalities in acc...Read More
Why the 18 region on the volatility index bears careful considerationVolatility as an asset class has been through the wringer in 2019. The benchmark Cboe Volatility Index (VIX - 15.85) is down 37.6% year-to-date, as of this writing, contra the 12.7% rise in the S&P 500 Index (SPX). Looking even worse for the wear is that infamous VIX futures derivative, the iPath Series B S&P 500 VIX Short-Term F...Read More
The shares have already surged 800% in 2019Axsome Therapeutics Inc (NASDAQ:AXSM) presented data on AXS-05 at the American Psychiatric Association (APA) conference this weekend, and analysts are rewarding the equity today. Cantor Fitzgerald hiked its price target on AXSM stock to $35 from $25, and SunTrust Robinson started coverage with a "buy" rating and $50 price target -- roughly double Friday's...Read More
Take advantage of the first amendment, and participate in a nation-wide poll.With the 2020 election growing ever closer, the country continues to be divided politically.From disputes about the appropriateness of displaying the Confederate flag, to rights for minorities, and the ever-growing concern about security at the U.S. border, the 2020 election promises to be contentious... if not the most c...Read More
How you can transform lagging indicators into leading indicators.No one ever said trading was going to be easy.Sometimes, do-it-yourself investing can feel about as scientific as throwing darts... and many traders give up, unable to figure out how they can break through the endless cycles of mediocre - or even straight up abysmal! - results.And when even the supposed "market gurus" or "experts" do...Read More
The stock is fresh off its worst weekly loss of 2019The shares of Activision Blizzard, Inc. (NASDAQ:ATVI) are up 4.9% to trade at $44.37 this morning, after Goldman Sachs upgraded the video game name to "buy" from "neutral," and added it to the "conviction list." Along with a price-target hike to $54 from $50, the analyst in coverage lifted its 2020-2021 earnings estimates for Activision, and pra...Read More
Teva just agreed to an $85 million settlement with the state of OklahomaDrugmaker Teva Pharmaceutical Industries Inc. (NASDAQ:TEVA) settled a lawsuit filed by the state of Oklahoma, accusing TEVA -- and other pharmaceutical firms -- of fueling the opioid epidemic through marketing of its generic painkillers. Teva agreed to pay an $85 million settlement. The stock is down 1.8% at $10.68, in respons...Read More
Tanzania will no longer allow Acacia Mining Plc to manage its mines in the country and will only work with the company's parent, Barrick Gold Corp., to resolve the two-year impasse that has stymied operations, a government spokesman said."We will no longer work with Acacia," Hassan Abbasi said Tuesday by phone. "Under no circumstances can Acacia be a party to the agreements, or have any role in th...Read More
Beyond Meat will begin producing its products in Europe next yearIt's been a busy first month on the public market for Beyond Meat Inc (NASDAQ:BYND), and the action's continuing today. BYND stock is trading up 4.3% at $83.10, as investors respond to news that the company is expanding its partnership with Zandbergen World's Finest Meat to create the company's first production facility outside the U...Read More